Option Cancellation Agreements definition

Option Cancellation Agreements shall have the meaning set forth in Section 1.5(c).

Option Cancellation Agreements the Option Cancellation agreements entered into by THL-Nortek Investors, LLC, the Management Stockholders and certain other parties, dated as of August 27, 2004.

Option Cancellation Agreements means the agreement between the Company and each Option Holder in the form attached as Exhibit J hereto, whereby such Option Holder agrees to cancellation of his Options in consideration of receipt of payment pursuant to Section 2.3, as adjusted pursuant to Section 3.2.

Examples of Option Cancellation Agreements in a sentence

• The Company shall not make any payments with respect to Options cancelled pursuant to Option Cancellation Agreements prior to the Effective Time.

• The aggregate payment to be made to the Option holders pursuant to the Option Cancellation Agreements (the “Option Consideration”), as well as its allocation among all of the Company’s outstanding Options, is set forth on Section 3.3 of the Company Disclosure Schedule.

• All payments of Option Consideration to Optionholders shall be subject to and in accordance with the Option Cancellation Agreements.

• The Company has previously provided to the Purchaser copies of all such Employee Agreements and Designated Optionee Option Cancellation Agreements.

• If requested by GTY, the Company shall deliver duly executed Option Cancellation Agreements from each holder of such Options.

More Definitions of Option Cancellation Agreements

Option Cancellation Agreements means the Option Cancellation Agreements, substantially in the form attached hereto as Exhibit L, by and between the Company and each of the holders of Options listed in Exhibit F.

Option Cancellation Agreements means Option Cancellation Agreements, in substantially the form of Exhibit C hereto, to be entered into prior to the Effective Time by and among the Company, the Equityholders’ Representative and one or more holders of Vested Options.

Option Cancellation Agreements means, collectively (i) that certain Option Cancellation Agreement, dated the date hereof, between the Company, the Sellers and Xxxxx X. Xxxxxx, an executed copy of which is attached hereto as Exhibit B, and (ii) that certain Option Cancellation Agreement, dated --------- the date hereof, between the Company, the Sellers and Xxxxxxx Xxxxxx, an executed copy of which is attached hereto as Exhibit C. ---------

Option Cancellation Agreements. As defined in Section 8.3(m). ------------------------------ -------------- Order. Any decree, order, judgment, writ, award, injunction, ----- stipulation or consent of or by an Authority. Ordinary Course of Business. The ordinary course of business of TG or --------------------------- MCR, as applicable, in accordance with past custom and practice (including with respect to quantity and frequency).

Option Cancellation Agreements means each agreement by and between ACL and each Option Holder pursuant to which such options will be cancelled as provided for in each such agreement.

Option Cancellation Agreements means the agreements entered into by and between Holdings and each of the Option Holders in respect to the treatment of the Holdings Options.

Option Cancellation Agreements means the agreements to be entered into by holders of Company Options in the form attached as Exhibit C.